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HomeMy WebLinkAbout2012-05-08 - AGENDA REPORTS - OSPD ANNUAL LEVY (2)CONSENT CALENDAR DATE: SUBJECT: DEPARTMENT: Agenda Item: 8 CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval Item to be presented by May 8, 2012 Darren Hernande ANNUAL LEVY OF ASSESSMENTS FOR OPEN SPACE PRESERVATION DISTRICT Administrative Services RECOMMENDED ACTION City Council: 1. Adopt resolution initiating proceedings for the levy and collection of assessments within the Open Space Preservation District for Fiscal Year 2012/13. 2. Adopt resolution declaring the City's intention to levy assessments and preliminarily approve an Engineer's Report in connection with the Open Space Preservation District for Fiscal Year 2012/13. 3. Set a Public Hearing for May 22, 2012. BACKGROUND Creation of the Open Space Preservation District (District) was overwhelmingly approved by the property owners of the City of Santa Clarita in July 2007. The primary objective of the District is to facilitate the purchase and preservation of undeveloped land in and around the City of Santa Clarita. Since the formation of the District, 1,851 acres have been acquired using District funds, and all purchases were leveraged with grant funds or land bank mitigation funds. The District anticipates partnering in funding acquisitions of another 2,000 acres in 2012. Partners include Santa Monica Mountains Conservancy, Riverside Land Conservancy, and Mountains Recreation Conservation Authority. t The annual process of ordering, approving, and setting the Public Hearing on the annual levy of the District is required by the Landscaping and Lighting Act of 1972 and allows the City to continue open space acquisitions for Fiscal Year, 2012/13. Upon adoption of the attached resolutions, a Public Hearing on ordering the Fiscal Year 2012/13 levies will be held on May 22, 2012. For Fiscal Year 2012/13, an increase in the actual assessment is recommended in the amount of $1 per BU and would establish the actual assessment to be levied for Fiscal Year 2012/13 at $30 per BU. ALTERNATIVE ACTIONS Other direction as determined by City Council. FISCAL IMPACT Funds for these reports are appropriated in the Fiscal Year 2011/12 Open Space Preservation District budget. ATTACHMENTS Resolution - Initiating Levy Proceedings for Open Space Preservation District Resolution - Intention to Levy Assessment for Open Space Preservation District FY 2012/13 Engineer's Report - Open Space Preservation District available in the City Clerk's Reading File -L- RESOLUTION NO. 12 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, INITIATING PROCEEDINGS FOR THE LEVY AND COLLECTION OF ASSESSMENTS FOR ALL ZONES WITHIN THE OPEN SPACE PRESERVATION DISTRICT FOR FISCAL YEAR 2012/13 WHEREAS, the City Council of Santa Clarita, California, pursuant to the provisions of the Landscaping and Lighting Act of 1972, being Division 15 of the Streets and Highways Code of the State of California (Act), desires to initiate proceedings for the Open Space Preservation District (District) and for the levy and collection of assessments within the proposed District for Fiscal Year 2011/12, for the purposes provided therefore in the Act; and WHEREAS, the City Council has retained Willdan Financial Services, for the purpose of assisting with the Annual Levy of the District, and to prepare and file a report with the City Clerk in accordance with the Act. NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby resolve as follows: SECTION 1. Annual Levy Report: The City Council hereby directs Willdan Financial Services, acting as Assessment Engineer, to prepare and file with the City Clerk the Assessment Engineer's Annual Levy Report concerning the installation, construction, or maintenance of any authorized improvements under the Act, and the levy and collection of assessments for the District as required by the provisions of the Assessment Law.. SECTION 2. District Improvements: The installation, construction, or maintenance of any authorized improvements under the Act, including, but not limited to landscape and irrigation improvements and any facilities which are appurtenant to any of the aforementioned or which are necessary or convenient for the maintenance or servicing thereof. SECTION 3. The City Clerk shall certify to the adoption of this Resolution. —3— STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) CERTIFICATION OF CITY COUNCIL RESOLUTION I, ,City Clerk of the City of Santa Clarita, do hereby certify that this is a true and correct copy of the original Resolution 11-28, adopted by the City Council of the City of Santa Clarita, California on May_, 2012, which is now on file in my office. Witness my hand and seal of the City of Santa Clarita, California, this _ day of 2012. City Clerk By Deputy City Clerk 3 PASSED, APPROVED, AND ADOPTED this day of May 2012. 1W • C ATTEST: CITY CLERK DATE: STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Sarah Gorman, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a; regular meeting thereof, held on the th day of May 2012, by the following vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: CITY CLERK 2 •--1�7— RESOLUTION NO. 12- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, DECLARING THE CITY'S INTENTION TO LEVY ASSESSMENTS, PRELIMINARILY APPROVING AN ENGINEER'S REPORT IN CONNECTION WITH THE OPEN SPACE PRESERVATION DISTRICT FOR FISCAL YEAR 2012/13 WHEREAS, under the provisions of the Landscaping and Lighting Act of 1972, being Division 15 of the Streets and Highways Code of the State of California (Act), the Open Space Preservation District (District) was approved by the property owners in 2007; and WHEREAS, the City Council of the City of Santa Clarita (City) is desirous to take proceedings for the annual levy of assessments for Fiscal Year 2012/13 to provide for the costs and expenses necessary to pay for the maintenance and servicing of the improvements in said District; and WHEREAS, the assessment rates are adequate to maintain and service the facilities; and WHEREAS, in order to maintain and service the facilities at a standard acceptable to the City, the assessments within the District will need to be levied for Fiscal Year 2012/13; and WHEREAS, Proposition 218, the Right to Vote on Taxes Act, does hereby require if the assessment rate is to be increased, a notice of the proposed assessment, along with a ballot, shall be mailed to all owners of identified parcels within the Districts, and the agency shall conduct a t<: public hearing not less than 45 days after the mailing of said notice; and WHEREAS, the assessments for Fiscal Year 2012/13 are not proposed to be increased above the approved annual escalator; and WHEREAS, the approved annual escalator is $1 per Benefit Unit; and WHEREAS, notices and Assessment Ballots are not required if assessments are not increased other than for the amount of the approved annual escalator; and WHEREAS, Willdan Financial Services has prepared a preliminary Engineer's Report (Report) generally containing the following: a. Plans and specifications describing the general nature, location, and extent of the improvements to be maintained. b. An estimate of the cost of the maintenance and/or servicing of the improvements for the District for the referenced fiscal year. c. An assessment of the estimated costs of the maintenance and/or servicing, assessing the net amount upon all assessable lots and/or parcels within the District in proportion to the benefits received. That upon completion of the preparation of said Report, the original shall be filed with the City Clerk, who shall then submit the same to this legislative body for its immediate review and consideration. WHEREAS, this City Council has examined and considered the Report, diagram, and assessments, and the proceedings prior thereto. NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby resolve as follows: SECTION 1. Recitals: That the above recitals are all true and correct. SECTION 2. Declaration of Intention: That the public interest and convenience requires, and it is the intention of this legislative body, to levy and collect assessments to pay the annual costs and expenses for the installation, replacement, maintenance, and/or servicing of the improvements for the above -referenced District. No new improvements or any substantial changes in existing improvements are proposed as a part of these proceedings. SECTION 3. Fiscal Year: That the assessments as above authorized and levied for these proceedings will provide revenue and relate to the Fiscal Year commencing July 1, 2012; and ending June 30, 2013. SECTION 4. Preliminarily Approves Report: The City Council hereby finds each, and every part of the Engineer's Report is sufficient, and the City Council hereby preliminarily approves, passes on, and adopts the Engineer's Report as submitted to the City Council and filed with the City Clerk. The preliminary report shall stand as the Engineer's Report for the purposes of all subsequent proceedings pursuant to this Resolution of Intention. SECTION 5. District Improvements: The installation, construction, or maintenance of any authorized improvements under the Act, including, but not limited to landscape and irrigation improvements and any facilities which are appurtenant to any of the aforementioned, or which are necessary or convenient for the maintenance or servicing thereof. SECTION 6. Public Hearing: The City Council hereby appoints May 22, 2012, at 6:00 p.m., in the City of Santa Clarita, California as the time, place, and date of the Public Hearing on the Report. At the hearing, the .City Council shall hear and consider all discussion regarding the proposed assessment as described in the Report. SECTION 7. Adoption of Resolution: The City Clerk shall certify to the adoption of this Resolution. 2 — PASSED, APPROVED, AND ADOPTED this day of May 2012. MAYOR ATTEST: CITY CLERK DATE: STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Sarah Gorman, Esq., City Clerk of the City of Santa Clarita, do hereby certify thati the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the _th day of May, 2012, by the following vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: CITY CLERK 3 �— STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) CERTIFICATION OF CITY COUNCIL RESOLUTION I, , City Clerk of the City of Santa Clarita, do hereby certify that this is a true and correct copy of the original Resolution 11-29, adopted by the City Council of the City of Santa Clarita, California on May _, 2012, which is now on file in my office. Witness my hand and seal of the City of Santa Clarita, California, this _ day of 2012. Acting City Clerk By Deputy City Clerk 4 ?— CITY OF SANTA CLARITA OPEN SPACE MAINTENACE DISTRICT (GOLDEN VALLEY RANCH) ENGINEER'S REPORT CERTIFICATE This Report describes the District including the improvements, budgets, parcels and assessments to be levied for fiscal year 2012/2013, as they existed at the time of the passage of the Resolution of Intention. Reference is hereby made to the Los Angeles County Assessor's maps for a detailed description of the lines and dimensions of parcels within the District. The undersigned respectfully submits the enclosed Report as directed by the City Council. Dated this day of , 2012. Willdan Financial Services Assessment Engineer By: By: Stacee Reynolds Richard Kopecky Sr. Project Manager, District Administration Services R. C. E. # 16742 I HEREBY CERTIFY that the enclosed Engineer's Report, together with Assessment Roll and Assessment Diagram thereto attached was filed with me on the day of , 2012. By: Sarah Gorman, Esq., City Clerk City of Santa Clarita Los Angeles County, California I HEREBY CERTIFY that the enclosed Engineer's Report, together with Assessment Roll and Assessment Diagram thereto attached was approved and confirmed by the City Council of the City of Santa Clarita, California, on the day of , 2012. By: Sarah Gorman, Esq., City Clerk City of Santa Clarita Los Angeles County, California 1. , OVERVIEW...........................................................................................1 I/. PLANS AND SPECIFICATIONS........................................................... 2 A. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT.....................................................2 B. DESCRIPTION OF IMPROVEMENTS TO BE MAINTAINED AND SERVICED ..............3 111. ESTIMATE OF COSTS...................................................................... 4 IV. METHOD OF APPORTIONMENT OF ASSESSMENT ...................... 5 A. GENERAL.........................................................................................................................5 B. PROPOSITION 218 BENEFIT ANALYSIS.......................................................................5 C. REASON FOR THE ASSESSMENT................................................................................6 D.. SPECIAL BENEFIT ANALYSIS.......................................................................................6 E. ASSESSMENT APPORTIONMENT AND RATES...........................................................7 V. ASSESSMENT ROLL!........................................................................9 VI. ASSESSMENT DIAGRAM...............................................................10 1: I ' L L D A N y Financia( Services A. BACKGROUND In January of 2002, the City Council approved the Golden Valley Ranch Development. Approval of this development included the construction of 498 single-family residential units, approximately 610,930 square feet of commercial uses, a turn -key elementary school, a 2.3 net -acre trail head, a 1.6 -acre fire station pad, and the dedication of approximately 920 acres of natural undeveloped open space. In conjunction with the approval of this development, the City, the Owner (PacSun), and the Golden Valley Ranch Task Force entered into a settlement agreement set forth in the Judgment of the Superior Court of the State of California Case No. BC269070, filed July 29, 2002, in which, among other things, in exchange for approval of the residential development, the Owner agreed to set aside open space within the development and be responsible for the ongoing maintenance of such open space, and the City agreed to initiate formation proceedings for a special assessment district for the ongoing maintenance of the open space. B. EFFECTS OF PROPOSITION 218 On November 5 1996, the electorate approved Proposition 218, Right to Vote on Taxes Act, which added Articles XIIIC and XIIID to the California Constitution. The Article XIIID affects all assessments upon real property for a special benefit conferred on the property. Assessments imposed under the Landscaping and Lighting Act of 1972 are these types of benefit assessments. The provisions of Proposition 218 can be summarized in four general areas: 1. Strengthens the general and special tax provisions of Propositions 13 and 62; 2. Extends the initiative process to all local taxes, assessments, fees and charges; 3. Adds substantive and procedural requirements to assessments; and 4. Adds substantive and procedural requirements to property -related fees and charges. On November 25, 2003, the City Council considered adoption of resolutions to initiate proceedings for and declare its intent to the formation of the District. At that time, PacSun, as the sole owner of the Golden Valley Ranch Development, provided the City with a petition, giving approval to the formation of the open space maintenance district. Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 1 N � WI LLDAN FinancialServices A. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT As applicable or may be applicable to this District, the 1972 Act defines improvements to mean one or any combination of the following: • The installation or planting of landscaping. • The installation or construction of statuary, fountains, and other ornamental structures and facilities. • The installation or construction of public lighting facilities. • The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof, including, but not limited to, grading, clearing, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities. • The maintenance or servicing, or both, of any of the foregoing. • The acquisition of any existing improvement otherwise authorized pursuant to this section. Incidental expenses associated with the improvements include, but are not limited to: • The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment; • The costs of printing, advertising, and the publishing, posting and mailing of notices; • Compensation payable to the County for collection of assessments; • Compensation of any engineer or attorney employed to render services; • Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; • Any expenses incidental to the issuance of bonds or notes pursuant to Section 22662.5. • Costs associated with any elections held for the approval of a new or increased assessment. The 1972 Act defines "Maintain" or "maintenance" to mean furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including: Repair, removal, or replacement of all or any part of any improvement. Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 2 WILLDAN: Fina1.ricial Services 'Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury. • The removal of trimmings, rubbish, debris, and other solid waste. • The. cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti. Furthermore, the 1972 Act specifies that where the cost of improvements (other than maintenance and operations) is greater than can be conveniently raised from a single annual assessment, an assessment to be levied and collected in annual installments. In that event, the governing body may choose to do any of the following: Provide for the accumulation of the moneys in an improvement fund until there are sufficient moneys to pay all or part of the cost of the improvements. • Provide for a temporary advance to the improvement fund from any available and unencumbered funds of the local agency to pay all or part of the cost of the improvements and collect those advanced moneys from the annual installments collected through the assessments. Borrow an amount necessary to finance the estimated cost of the proposed improvements. The amount borrowed, including amounts for bonds issued to finance the estimated cost of the proposed improvements. B. DESCRIPTION OF IMPROVEMENTS TO BE MAINTAINED AND SERVICED The improvements proposed to be maintained and serviced are generally described as the Conservation Easement area, as described in the Judgment of the Superior Court of the State of California Case No. BC269070, filed July 29, 2002, which is the open space area on Tentative Tract Map No. 52414 (Golden Valley Ranch). Improvements include but are not limited to: trail maintenance and open space management within the boundaries of said Maintenance District. The District will fund costs in connection with the District maintenance and servicing including, but not limited to, labor, electrical energy, water, materials, contracting services, administration, and other expenses necessary for the satisfactory maintenance and servicing of these improvements. Maintenance means the furnishing of services and materials for the ordinary and usual operation of natural open space land or replacement of all or part of any of the landscaping or appurtenant improvements; the removal of rubbish, debris and other solid waste; the cleaning and other improvements to remove or cover graffiti; and trail maintenance. Servicing means the administration of all aspects of the maintenance and servicing of the improvements. Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 3 W 1 LLDAN � � Financial'services, Plans and specifications for the improvements, showing the general nature, location and the extent of the improvements, are on file at the City where they are available for public inspection and are'by reference herein made a part of this report. The estimated costs for the operation, maintenance and servicing of the facilities, shown below, are the estimated costs of maintenance if the facilities were fully maintained for Fiscal Year 2012/13. The 1972 Act provides that the total cost of the maintenance and services, together with incidental expenses, may be financed from the assessment proceeds. The incidental expenses may include engineering fees, legal fees, printing, mailing, postage, publishing, and all other related costs identified with the district proceedings. The 1972 Act requires that a special fund be set-up for the revenues and expenditures of the District. Funds raised by assessment shall be used only for the purpose as stated herein. The City may advance funds to the District, if needed, to ensure adequate cash flow, and will be reimbursed for any such advances upon receipt of assessments. Any surplus or deficit remaining on July 1 must be carried over to the next fiscal year Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 4 ,IkV/WILLDAN W�! Financ1.ial!Services a � (--� '!� �t 5 � y. !►' 111 �� i�1� .' �: t� $P : � � 7 �,� __ �3 _ r g.,...� A. GENERAL Part 2 of Division 15 of the Streets and Highways Code, the Landscaping and Lighting Act of 1972, permits the establishment of Maintenance Districts by cities for the purpose of providing certain public improvements which include the construction, maintenance and servicing of street lights, traffic signals and landscaping facilities. Section 22573, Landscaping and Lighting Act of 1972 requires that maintenance assessments be levied according to benefit rather than according to assessed value. This section states: "The net amount to be assessed upon lands within an Maintenance District may be apportioned by any formula or method which fairly distributes the net amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements." The Act permits the designation of zones of benefit within any individual Maintenance District if "by reason of variations in the nature, location, and extent of the improvements, the various areas will receive different degrees of benefit from the improvements." (Sec. 22574). Thus, the 1972 Act requires the levy of a true "assessment" rather than a "special tax." B. PROPOSITION 218 BENEFIT ANALYSIS The costs of the proposed improvements have been identified and allocated to properties within the District based on special benefit. The improvements to be provided by this District and for which properties. will be assessed have been identified as an essential component and local amenity that provides a direct reflection and extension of the properties within the District which the property owners and residents have expressed a high level of support. This District was formed to provide and establish landscape and lighting enhancement that affects the presentation of the surrounding properties and developments and will directly benefit the parcels to be assessed within the District. The assessments and method of apportionment is based on the premise that the assessments will be used to construct and install landscape improvements within the existing District as well as provide for the annual maintenance of those improvements, and the assessment revenues generated District will be used solely for such purposes. In conjunction with the provisions of the 1972 Act, the California Constitution Article XIIID addresses several key criteria for the levy of assessments, notably: Article XIIID Section 2d defines District as follows: Fiscal Year City of Santa Clarita .Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 5 WILLDAN WME,-F.inancibi''Services "District means an area determined by an agency to contain all parcels which will receive a special benefit from a proposed public improvement or property -related service"; Article XIIID Section 2i defines Special Benefit as follows: "Special benefit" means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute "special benefit." Article XIIID Section 4a defines proportional special benefit assessments as follows: "An agency which proposes to levy an assessment shall identify all parcels which will have a special benefit conferred upon them and upon which an assessment will be imposed. The proportionate special benefit derived by each identified parcel shall be determined in relationship to the entirety of the capital cost of a public improvement, the maintenance and operation expenses of a public improvement, or the cost of the property related service being provided. No assessment shall be imposed on any parcel which exceeds the reasonable cost of the proportional special benefit conferred on that parcel." The method of apportionment (method of assessment) set forth in the Report is based on the premise that each assessed property receives special benefits from the landscape and lighting improvements in the District, and the assessment obligation for each parcel reflects that parcel's proportional special benefits as compared to other properties that receive special benefits. To identify and determine the proportional special benefit to each parcel within the District, it is necessary to consider the entire scope of the improvements provided as well as the properties that benefit from those improvements. The improvements and the associated costs described in this Report, have been carefully reviewed and have been identified and allocated based on a benefit rationale and calculations that proportionally allocate the net cost of only those improvements determined to be of special benefit to properties within the District. The various public improvements and the associated costs have been identified as either "general benefit" (not assessed) or "special benefit". C. REASON FOR THE ASSESSMENT The assessment is proposed to be levied to defray the costs of the maintenance and servicing of the open space conservation area improvements, as previously defined herein in Part A of this Report. D. SPECIAL BENEFIT ANALYSIS Parcels within the District will be assessed for the maintenance of those improvements that provide a special benefit to the project. Article XIIID of the California Constitution defines special benefit as: Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 6 VW1LLDAN Fihancial Services' "A particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute 'special benefit'." Per the Judgment of the. Superior Court of the State of California Case No. BC269070, filed July 29, 2002, the setting aside and on-going maintenance of natural open space areas is a condition of developing the residential portion of Tentative Tract No. 52414 (Golden Valley Ranch). Without the open space areas, residential development would not be allowed to occur within the boundaries of the Tentative Tract; therefore, all real property proposed to be developed for residential uses receive and are conferred a particular and distinct special benefit from these open space areas and their maintenance. Non-residential properties are not subject to this condition and therefore do not receive special benefit from the improvements. The general benefits associated with these open space areas and their maintenance are considered incidental, negligible and nonquantifiable. E. ASSESSMENT APPORTIONMENT AND RATES As stated above, only residential property receives special benefits for the on-going maintenance of the designated open space within Tentative Tract No. 52414 (Golden Valley Ranch). There are 142.05 net acres of land designated for residential development within the tentative tract. The special benefit to each residential acre of land is the same: the ability to develop. Therefore, the assessment is apportioned to the residential development areas on a per acre basis. $68,256.45 / 142.05 acres = $480.51 / acre The table below provides the projected assessment apportionment for the two types of planned residential unit areas within the Golden Valley Ranch development and shows the estimated maximum annual assessment rate per residential unit given the following assumptions. These rates are based on the following development scheme: 129.89 acres currently designated for 404 single family residential (SFR) units, 12.16 acres currently designated for 95 single family condominium (CON) units 1 • b a i 0 v i U $471 01./ acre T— " x$480 531 acre .�4- .:. rte 129 89 - x Psi''' a_`4,f-3`-4`5f,,, $,480 51 /acre = $62 ,413 45; v %-,r' 404 SFR .y t t g $154 48 /SFR Unit, 40 n'y �� A a r,' ?$471: 0�1v/iacre$480,'.53�/tiacce 1s2 16 ._$480 5.1 `%,acre, P ,q=$5;843:00; 95;CON ,a$6.1.50kCON.Unit CPI Increase = 2.02% If the number of residential units differs from those projected above, the maximum assessment rates per residential unit will also differ. Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 7 W I L L D A N Financial Services The maximum annual maintenance assessment rates will be increased each year by the annual change in the Consumer Price Index (CPI) for All Urban Consumers, for the Los Angeles, Riverside and Orange County areas. The actual assessments levied in any fiscal year will be as approved by the City Council and may not exceed the maximum assessment rate without receiving property owner approval for the increase. Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 8 W� S x � WI LLDAN Financia) Services REOPEN, _` The total proposed assessment for Fiscal Year 2012/2013 and the amount of the total proposed assessment apportioned to each lot or parcel within the District, as shown on the latest assessment roll at the Los Angeles County Assessor's Office, are contained in the Assessment Roll on file in the office of the City Clerk of the City of Santa Clarita, which is also made a part of this Report. This Assessment Roll includes the proposed residential development areas that make up Tentative Tract Map No. 52414 (Golden Valley Ranch). Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 9 W'y. Wl LLDAN, Financia{'SeNices An Assessment Diagram for the Maintenance District is provided on the following page. The lines and dimensions of each lot or parcel within the Maintenance District are those lines and dimensions shown on the maps of the Assessor of the County of Los Angeles, for the year when this Report was prepared, and are incorporated by reference herein and made part of this Report. Fiscal ,Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 10 Q_ .. � nO; WI LLDAN Financial°Seniices Fiscal Year City of Santa Clarita Engineer's Report 2012/2013 Open Space Maintenance District (Golden Valley Ranch) Page 11 E;i Fiscal Year 2012/2013 woo-nWILLDAN Financial SeNices City of Santa Clarita Engineer's Report Open Space Maintenance District (Golden Valley Ranch) Page 12